Between his mom's place in Manhattan, his dad in Queens, and his high school in the Bronx, Noah Getz is on the subway a lot. It gives him time to read and to think. Our first coronavirus summer was waning, and he'd been wrestling with a weighty science problem: using machine learning to hunt down tiny molecules that may help treat Alzheimer's. Thus far, his AI had been spitting out results that were "almost comically bad." The problem was that the algorithms Getz was using did their best when they had massive amounts of data to sift through and discover patterns in. Getz' data set was far smaller; he was working with one lab at Mount Sinai, not a multinational pharmaceutical company with a galaxy-sized drug library.
Tokyo stocks turned up Monday, getting a boost from a continued rally on Wall Street last week. The 225-issue Nikkei average of the Tokyo Stock Exchange rose 213.07 points, or 0.74%, to close at 29,161.80, The Topix index of all first section issues ended 5.73 points, or 0.29%, higher at 1,959.75, snapping its three-day losing streak. The Tokyo market got off to a strong start, after all three U.S. market gauges including the Dow Jones Industrial Average extended their gains Friday thanks to data showing improvement in consumer confidence in the United States in June. Although selling to lock in gains from the initial market spurt gathered steam in the morning, stocks gradually extended gains in the afternoon in pace with Dow futures in off-hours trading. Trading was generally lackluster with many players taking to the sidelines ahead of the U.S. Federal Reserve's two-day Federal Open Market Committee meeting from Tuesday, brokers said.
Most stock pickers have one goal: to beat the market. Since January 2015, the S&P 500 has returned an average 13% per year, or 110% total. That's not bad, but it pales in comparison to NVIDIA's (NASDAQ:NVDA) 3,410% return over the same period. Given the chipmaker's $438 billion market cap, investors may think it's too late to buy this stock. But NVIDIA recently delivered strong first-quarter results, reminding Wall Street that it's still a growth company.
Verbit today announced the close of a $157 million series D round the company says will bolster its product R&D and hiring efforts. CEO Tom Livne, who noted that the raise brings the company's post-money valuation to more than $1 billion, said the capital will also support Verbit's geographic expansion as it prepares for an initial public offering. The voice and speech recognition tech market is anticipated to be worth $31.82 billion by 2025, driven by new applications in the banking, health care, and automotive industries. In fact, it's estimated that one in five people in the U.S. interacts with a smart speaker on a daily basis and that the share of Google searches conducted by voice in the country recently surpassed 30%. Livne, who cofounded Verbit.ai with Eric Shellef and Kobi Ben Tzvi in 2017, asserts that the New York-based startup will contribute substantially to the voice transcription segment's rise.
UiPath, the robotic process automation startup that came public April 21st, this afternoon reported fiscal Q1 revenue that easily topped Wall Street's expectations, and a surprise profit where the Street had been expecting a net loss, and an outlook for this quarter's revenue that was higher as well. Despite the upbeat report, UiPath shares fell 9% in late trading. CEO and co-founder Daniel Dines called the quarter "an exceptionally strong start to fiscal year 2022." Dines noted first-quarter annualized recurring revenue, or ARR, rose over 64 percent, year-over-year, to $653 million, calling it, "a testament to our leadership position in enterprise software automation." We believe automation is the next layer in the software stack.
Former Princeton professor Dr. Carol Swain argues that the New York City psychiatrist who made the statement'should not be practicing medicine.' A New York City-based psychiatrist who shared her violent fantasy of shooting white people in the head during an Ivy Leave lecture claims her shocking words were taken out of context. Dr. Aruna Khilanani, a Manhattan-based psychiatrist and psychoanalyst, told the New York Times on Saturday that she only meant to use "provocation as a tool for real engagement" while saying she dreamed of executing white people. "Too much of the discourse on race is a dry, bland regurgitation of new vocabulary words with no work in the unconscious," Khilanani reportedly wrote in an email. "And, if you want to hit the unconscious, you will have to feel real negative feelings."
Fox News Flash top entertainment and celebrity headlines are here. Check out what's clicking today in entertainment. Twitter users couldn't get enough of Julia Markham Cameron, an attorney from Brooklyn, New York, who made quite a name for herself during Thursday's episode, which was guest hosted by "Big Bang Theory" alum and neuroscientist Mayim Bialik. Cameron was declared the winner, pocketing $16,450 for her smarts, but it was her memorable facial expressions that appeared to steal the show. Viewers watching at home took to Twitter to react to Cameron's over-the-top expressions, which have been described as "goofy" and "hilarious."
A new video from human rights organization Amnesty International maps the locations of more than 15,000 cameras used by the New York Police Department, both for routine surveillance and in facial-recognition searches. A 3D model shows the 200-meter range of a camera, part of a sweeping dragnet capturing the unwitting movements of nearly half of the city's residents, putting them at risk for misidentification. The group says it is the first to map the locations of that many cameras in the city. Amnesty International and a team of volunteer researchers mapped cameras that can feed NYPD's much criticized facial-recognition systems in three of the city's five boroughs--Manhattan, Brooklyn, and the Bronx--finding 15,280 in total. Brooklyn is the most surveilled, with over 8,000 cameras.
C3.ai, the cloud-based, industrialized machine learning company that went public in December, this afternoon reported fiscal Q4 revenue and profit that topped Wall Street's expectations, and an outlook for this quarter's revenue roughly in line with consensus, but higher for the full year. The report sent C3.ai shares down 6% in late trading. CEO and founder Tom Siebel remarked, "We achieved strong business and financial results in the fourth quarter and full fiscal year, as we advance our leadership position as the enterprise AI application software pure play." "The enterprise AI software market is rapidly growing, and we see accelerating interest in enterprise AI solutions across industries, geographies, and market segments. We are aggressively investing to extend our product and technology leadership and to expand our market-partner ecosystem and associated distribution capacity. As we continue to execute on delivering high-value outcomes for customers, we are increasingly well-positioned to establish a global market leadership position in enterprise AI application software. Bottom line, performance was strong across the board and we are planning for accelerating growth in the coming year."